IPO - Check IPO Date, Price, Lot Size

Airfloa Rail Technology Ltd IPO

We are engaged in the manufacturing of components which are used in the rolling stock for the Indian Railways through railway production units like Integral Coach Factory (ICF), other coach factories. In addition to manufacturing the rolling stock components, we carry out turnkey interior furnishing projects for Indian Railways. In the aerospace and defence sectors, we manufacture intricate, highly engineered, and vital components. Along with Indian Railways through ICF and other coach factories, we also serve other Rails factories, and global rolling stock OEMs.

Airfloa Rail Technology Ltd IPO Details

Total Shares Offered

₹ 65,07,000

Offer to Public

TBA

Retail Max (Shares)

₹ 21,64,000

Pre Issue Promoters Holding

₹ 1,29,91,995

Exchange

BSE

Issue size

₹ 91.1 Cr

IPO Open Date

Sep 11, 2025

Close Date

Sep 15, 2025

Lot Size

2000

Min Investment

₹ 2,66,000

Issue Type

Book Building - SME

Listing Date

Sep 18, 2025

Airfloa Rail Technology Ltd IPO Dates

Sep 11, 2025

Opening date

Sep 15, 2025

Closing date

Sep 16, 2025

Basis of Allotment

Sep 17, 2025

Initiation of Refunds

Sep 17, 2025

Credit of Shares

Sep 18, 2025

Listing date

Details

Sector	Type
Sector	Compressors
Sub Sector	Drilling Equipment
Issue Type	Book Building - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	3087000
NII	0x	930000
Retail	0x	2164000
Employee	0x	0
Total	0x	6507000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

3087000

930000

2164000

6507000

Airfloa Rail Technology Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	192.39	23.53	5.48
EBITDA	40.04	26.46	8.61
PAT	25.56	14.23	1.49
Total Assets	210.74	163.28	120.79
Share Capital	17.46	5.00	5.00
Total Borrowings	74.18	74.62	74.80
Operating Activities (Net Cash)	28.09	17.16	4.62
Investing Activities (Net Cash)	0.01	0.00	0.00
Financing Activities (Net Cash)	74.18	74.62	74.80
Net Cashflow	3.92	1.67	3.60

About Airfloa Rail Technology Ltd

Our Company was originally incorporated as `Air Flow Equipments (India) Private Limited' a private limited company under the Companies Act, 1956 at Chennai, Tamil Nadu, pursuant to a certificate of incorporation dated December 14, 1998, issued by the Registrar of Companies, Tamil Nadu, Chennai, (RoC). Thereafter, name of our Company was changed from `Air Flow Equipments (India) Private Limited' to `Airfloa Rail Technology Private Limited', consequent to name change, pursuant to a special resolution passed by the shareholders of our Company on July 18, 2024, and a fresh certificate of incorporation consequent to change of name was issued by the Registrar of Companies, Central Processing Centre on August 27, 2024. Thereafter, name of our Company was changed from `Airfloa Rail Technology Private Limited' to `Airfloa Rail Technology Limited', consequent to conversion of our Company from private to public company, pursuant to a special resolution passed by the shareholders of our Company on September 12, 2024 and a fresh certificate of incorporation consequent to conversion of the company was issued by the Registrar of Companies, Central Processing Centre on November 15, 2024. Our Company's Corporate Identity Number is U30204TN1998PLC041571.

The government of India has focused on investing in railway infrastructure by making investor-friendly policies. It has moved quickly to enable Foreign Direct Investment (FDI) in railways to improve infrastructure for freight and high-speed trains. At present, several domestic and foreign companies are also looking to invest in Indian rail projects. Indian railways launched Semi-high-speed self-propelled trains that have ultra-modern features like quick acceleration, a substantial reduction in travel time, a maximum speed of 160 kmph, on-board infotainment and GPS-based passenger information system, automatic sliding doors, retractable footsteps and Zero discharge vacuum bio-toilets, CCTV cameras etc. and other contemporary features as per global standards. According to Indian Railways 2023 book, Indian railways plan to market semi-high-speed `Vande Bharat' trains by 2025-26 to European, South American, and East Asian markets for exporting 'Made in India' trains.

Peer Comparison:

Jupiter Wagons Limited
Titagarh Rail Systems Ltd

Airfloa Rail Technology Ltd Key Points

Strengths

Experienced Promoters having deep domain knowledge to scale up the business.

In house manufacturing capabilities.

Long-standing customer base leading to stability in our business operations.

Management team having established track record.

Established track record of successfully completed projects.

Risk

The company is business and revenues are substantially dependent on Indian Railways. Any adverse change in policy of the Ministry of Railways, GOI MoR may lead to its contracts being foreclosed, terminated, restructured or renegotiated, which may have a material effect on the company business and results of operations.

The company is depend on the entities under Indian Railways for a significant portion of contracts in its order book which are awarded on a tender basis. There is no assurance that its bids will be accepted and future contracts will be awarded to it by Indian Railways. This may result in an adverse effect on the company business growth, financial condition and results of operations.

Increases in the prices of raw materials required for the company operations could adversely affect its business and results of operations.

Strategy

Leverage our industry-leading capabilities to diversify our customer base further and enhance our penetration and wallet with existing clients by introducing new component lines.

Expand our manufacturing capabilities to Enhance Client Servicing, Achieve Scale and Deliver Execution Excellence.

Optimize Costs, Enhance Efficiency, Advance Technology and Strengthen Financial Position.

Transitioning to a Full-Fledged Rolling Stock Solutions Provider.

How To Apply for Airfloa Rail Technology Ltd IPO Online?

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Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Airfloa Rail Technology Ltd IPO?

Airfloa Rail Technology Ltd's IPO offers shares for up to 91.1 It begins on Sep 11, 2025 and ends on Sep 15, 2025.

What is the price of the Airfloa Rail Technology Ltd IPO?

The price of Airfloa Rail Technology Ltd IPO ranges between ₹133 to ₹140 per share.

What are the open and close dates for the Airfloa Rail Technology Ltd IPO?

The Airfloa Rail Technology Ltd IPO opens on Sep 11, 2025 and closes on Sep 15, 2025.

When will the Airfloa Rail Technology Ltd IPO be allotted?

The allotment for the Airfloa Rail Technology Ltd IPO will be finalised on Sep 16, 2025. The shares will be listed on BSE and NSE on Sep 18, 2025.

What is the minimum lot size required for Airfloa Rail Technology Ltd IPO?

The minimum lot size for Airfloa Rail Technology Ltd IPO is 2000 shares, priced between ₹133 to ₹140 per share.

What is the GMP of Airfloa Rail Technology Ltd IPO?

The GMP (Grey Market Premium) of Airfloa Rail Technology Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Airfloa Rail Technology Ltd IPO?

To check the allotment status of Airfloa Rail Technology Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Airfloa Rail Technology Ltd IPO getting listed?

The Airfloa Rail Technology Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Sep 11, 2025, and closes on Sep 15, 2025. The allotment is finalised on Sep 16, 2025.

How do you apply for the Airfloa Rail Technology Ltd IPO?

To apply for the Airfloa Rail Technology Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.